Findings: Firm size influences the impact of IFRS in the UK, and the financial information of larger firms seems to have improved after IFRS adoption. In the case of France, the results do not support any improvement in the quality of the financial information after IFRS were put in place. Research limitations/implications:This research applies a new methodological approach to study the impact of IFRS adoption, but additional inquires on the subject are surely required.-850-Intangible Capital -https://doi.org/10.3926/ic.939Practical implications: Certain features of the countries, such as the Common Law legal system and enforcement, could explain why the quality of the financial information for large firms has increased following the adoption of IFRS. It seems that the implementation of IFRS has given investors additional elements with which to ascertain a firm's ability to generate future cash flows. Social implications:The adoption of IFRS, by itself, is not enough to improve the quality of financial information. Thus, regulators in countries adopting IFRS should consider additional reforms to ensure that the desired results are achieved.Originality/value: This work overcomes the methodological design problems of previous research, such as sample selection bias, the inclusion of observations close to the year of mandatory adoption, the heterogeneity of each country and the size of the analyzed companies.To the best of our knowledge, this research is the first to test the effect of IFRS adoption in the European context, using the relation between idiosyncratic risk and the opacity of financial reports.

Board gender diversity is an issue of recent interest in corporate finance research. Nonetheless, there are too few studies about the influence of female directors on earnings quality in the developed markets. This situation is not better for emerging markets, where, except for China, studies like this are almost nonexistent. Consequently, this paper sheds light on the relationship between board gender diversity and earnings quality in Latin America, focusing on the listed firms in Mexico, Chile, Peru, and Colombia, which integrate the Latin American Integrated Market (Mercado Integrado Latino Americano or MILA in Spanish). With a data-panel of 361 observations from the period between 2002 and 2014, this work performs OLS regressions that indicate the existence of an inverted U-shaped relationship between board gender diversity and earnings manipulation, after controlling for other variables such as size, leverage, ROA, operating cash flow, accounting losses, and industry. Furthermore, results indicate the existence of a minimum level of female directors, 30.8% of board members, from which more board gender diversity leads to higher earnings quality.